SECTION NO. PAGE NO. Amendment NO.

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1 INDEX TO AIRLINE RATES, FEES AND CHARGES AMENDED ORDINANCE GREATER ASHEVILLE REGIONAL AIRPORT AUTHORITY DESCRIPTION ORDINANCE NO. SECTION NO. PAGE NO. Amendment Effective Date Definitions Findings Payment of Rentals, Fees and Charges Penalties and Enforcement Purpose and Scope Rate Making Methodology Rentals, Fees and Charges Schedule of Rates, Fees and Charges Severability

12 Exhibit A Asheville Regional Airport Fiscal Year Schedule of Rates, Fees and Charges (Proposed)

13 SUMMARY TABLE RESULTS Signatory Airline Rates & Charges: Terminal Building Rental Rate (per s.f.) $44.61 $46.35 Passenger-Related Security Fee (per EP) $0.72 $0.67 Landing Fee (per 1,000-lbs) $1.69 $1.60 Ticket Counter & Queue Fee (per EP-unassigned) $0.56 $0.48 Baggage Make-Up & Claim Fee (per bag) $1.12 $0.93 Baggage Make-Up & Claim Fee (per airline) $12,238 $12,715 Gate Area Charge per (enplaned pax) $1.67 $1.43 Gate Area Fee (per airline) $31,262 $32,481 Loading Bridge Fee (per depart.) $9.91 $10.02 Checkpoint Lane Fee (per EP) $0.15 Turn Fees 1 Per Turn Fee for Exempt Carriers (0-70 seats) $ $ Per Turn Fee for Exempt Carriers ( seats) $ $ Per Turn Fee for Exempt Carriers (136+ seats) $ $ Average AVL CPE $6.61 $ Includes use of holdroom, bag claim, bag make-up, passenger loading bridge, apron, tug drives, and Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018)

14 Table 1 AVIATION ACTIVITY Enplaned Passengers: Allegiant 144, ,000 American 1 98, ,000 Delta 137, ,000 United 44,364 95,000 Total 425, ,000 Estimated Checked Bags: Allegiant 53,627 93,600 American 1 70,974 55,600 Delta 90, ,400 United 31,942 52,100 Total 247, ,700 Departures: Allegiant 987 1,200 American 1 2,175 2,262 Delta 2,300 2,389 United 1,024 1,631 Total 6,486 7,482 Landed Weight (1,000-lb units): Allegiant 145, ,000 American 1 103, ,600 Delta 177, ,050 United 46, ,373 Total 472, ,023 Note: Amounts may not add due to rounding. 1 Includes US Airways activity prior to the merger of the carriers into American Airlines Group. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 3 of 15 6/1/2018

15 Table 2 TERMINAL SPACE (s.f.) Preferential Space: 1 Allegiant 1,153 1,704 American 2,102 2,102 Delta 2,609 2,609 United 1,593 1,593 Total Preferential Space [A] 7,457 8,008 Joint Use Space: Baggage Make-Up 3,192 3,192 Baggage Claim 4,124 4,124 Gates 1-3 Holdroom 8,517 8,517 Gates 4-7 Holdroom 6,751 6,751 Gates 4-7 Secure Enplanement Corridor 3,421 3,421 Total Joint Use Space [B] 26,005 26,005 Total Airline Rented [C=A+B] 33,462 34,013 Other Rentable: Ticket Counter (unassiged) Queue (unassigned) Vacant Airline Preferential Space 3,343 2,792 Concession Space 13,553 13,553 FAA Tower & Related Office Space 4,374 4,374 TSA Offices & Breakroom 2,418 2,418 TSA Passenger Security Screening 2,210 2,210 TSA Offices Adjacent to Passenger Screening Total [D] 26,590 26,039 Total Rentable Space [E=C+D] 60,052 60,052 Public and Other Areas [F] 47,797 47,797 Total Terminal Space [G=E+F] 107, ,849 Note: Amounts may not add due to rounding. 1 Includes ticket counter, queue, and office space. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 4 of 15 6/1/2018

16 Table 3 DEPRECIATION, AMORTIZATION, & CAPITAL OUTLAY Depreciation: 1 Gross Depreciation $4,700,000 $4,700,000 Less: Grant & PFC Amortization (3,200,000) (3,200,000) Net Depreciation [A] $1,500,000 $1,500,000 By Cost Center (%): Airfield Area [B] 14.0% 14.0% Terminal Building [C] 30.0% 30.0% Parking, Roadway, and Ground Trans. [D] 33.0% 33.0% General Aviation Area [E] 16.0% 16.0% Other Area [F] 7.0% 7.0% Total 100.0% 100.0% By Cost Center: Airfield Area [A*B] $210,000 $210,000 Terminal Building [A*C] 450, ,000 Parking, Roadway, and Ground Trans. [A*D] 495, ,000 General Aviation Area [A*E] 240, ,000 Other Area [A*F] 105, ,000 Net Depreciation [A] $1,500,000 $1,500,000 Amortization: Gross Amortization $242,056 $242,056 Less: Grant & PFC Amortization (162,475) (162,475) Net Amortization [G] $79,581 $79,581 AVL Financial Model - FY 2019 ver Page 5 of 15 6/1/2018

17 Table 3 DEPRECIATION, AMORTIZATION, & CAPITAL OUTLAY By Cost Center (%): Airfield Area [H] 100.0% 100.0% Terminal Building [I] 0.0% 0.0% Parking, Roadway, and Ground Trans. [J] 0.0% 0.0% General Aviation Area [K] 0.0% 0.0% Other Area [L] 0.0% 0.0% Total 100.0% 100.0% By Cost Center: Airfield Area [G*H] $79,581 $79,581 Terminal Building [G*I] 0 0 Parking, Roadway, and Ground Trans. [G*J] 0 0 General Aviation Area [G*K] 0 0 Other Area [G*L] 0 0 Net Amortization [G] $79,581 $79,581 Capital Outlay: Capital Outlay [M] $100,000 $100,000 By Cost Center (%): Airfield Area [N] 50.0% 50.0% Terminal Building [O] 50.0% 50.0% By Cost Center: Airfield Area [M*N] $50,000 $50,000 Terminal Building [M*O] 50,000 50,000 Capital Outlay [M] $100,000 $100,000 Note: Amounts may not add due to rounding. 1 Depreciation is based on the prior year's actual depreciation Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 6 of 15 6/1/2018

18 Table 4 OPERATION AND MAINTENANCE EXPENSES By Category: Personnel Services $5,283,529 $5,572,510 Professional Services 368, ,450 Utilities 520, ,467 Promotional Activities 349, ,390 Maintenance and Repairs 251, ,200 Contracted Services 884, ,723 Insurance Expense 252, ,000 Materials and Supplies 452, ,425 Other Expenses 503, ,905 Total O&M Expenses [A] $8,868,140 $8,987,070 By Cost Center (%): Airfield Area [B] 26.3% 26.3% Terminal Building [C] 47.7% 48.0% Parking, Roadway, and Ground Trans. [D] 12.4% 12.0% General Aviation Area [E] 9.7% 9.7% Other Area [F] 3.9% 4.0% Total 100.0% 100.0% By Cost Center: Airfield Area [A*B] $2,329,399 $2,366,072 Terminal Building [A*C] 4,233,699 4,313,970 Parking, Roadway, and Ground Trans. [A*D] 1,100,934 1,074,732 General Aviation Area [A*E] 858, ,685 Other Area [A*F] 345, ,611 Total O&M Expenses [A] $8,868,140 $8,987,070 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 7 of 15 6/1/2018

19 Table 5 LANDING FEE AND REVENUE Airfield Requirement: O&M Expenses $2,329,399 $2,366,072 Less: Deicing Chemicals (68,000) (70,040) O&M Reserve Requirement 63,007 18,336 Net Depreciation 210, ,000 Net Amortization 79,581 79,581 Capital Outlay 50,000 50,000 Debt Service 0 0 Debt Service Coverage (25%) 0 0 Total Requirement [A] $2,663,987 $2,653,949 Landing Fee Credits: Non-Airline Revenue [B] $77,000 $90,000 Other [C] 0 0 Total Credits [D=B+C] $77,000 $90,000 Net Landing Fee Requirement [E=A-D] $2,586,987 $2,563,949 Airline Landed Weight [F] 472, ,023 Airline Landing Fee (pre-revenue Share) [G=E/F] $5.48 $4.54 Revenue Share Credit [H] $1,789,390 $1,660,376 Adjusted Airline Net Requirement [I=E-H] $797,598 $903,573 Airline Landing Fee [J=I/F] $1.69 $1.60 Airline Landing Fee Revenue [K=F*J] $797,598 $903,573 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 8 of 15 6/1/2018

20 Table 6 TERMINAL RENTAL RATE AND REVENUE Terminal Requirement: O&M Expenses $4,233,699 $4,313,970 O&M Reserve Requirement 114,515 40,136 Net Depreciation 450, ,000 Net Amortization 0 0 Capital Outlay 50,000 50,000 Debt Service 0 0 Debt Service Coverage (25%) 0 0 Total Requirement [A] $4,848,214 $4,854,106 Terminal Credits: Passenger-Related Security Charges $305,873 $344,750 AirIT Landside Expenses 16,463 16,463 Loading Bridge Fees 64,249 75,000 Total Terminal Credits [B] $386,585 $436,213 Net Requirement [C=A-B] $4,461,629 $4,417,893 Rentable Space (s.f.) [D] 60,052 60,052 Terminal Rental Rate [E=C/D] $74.30 $73.57 Airline Rented Space (s.f.) [F] 33,462 34,013 Airline Requirement [G=E*F] $2,486,096 $2,502,261 Revenue Share Credit [H] $993,487 $925,880 Adjusted Airline Requirement [I=G-H] $1,492,609 $1,576,382 Airline Rented Space (s.f.) [F] 33,462 34,013 Adjusted Airline Terminal Rate [J=I/F] $44.61 $46.35 Airline Terminal Rentals [K=F*J] $1,492,609 $1,576,382 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 9 of 15 6/1/2018

21 Table 6A LOADING BRIDGE FEE AND REVENUE Loading Bridge Requirement: Operating Expenses $64,249 $75,000 Capital Outlay 0 0 Debt Service 0 0 Debt Service Coverage (25%) 0 0 Total Requirement [A] $64,249 $75,000 Total Departures [B] 6,486 7,482 Loading Bridge Fee (per Departure) [C=A/B] $9.91 $10.02 Total Loading Bridge Revenue [D=B*C] $64,249 $75,000 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 10 of 15 6/1/2018

22 Table 6B JOINT USE CHARGES Adjusted Signatory Airline Terminal Rate [A] $44.61 $46.35 Joint Use Space (s.f.): Baggage Make-Up [B1] 3,192 3,192 Baggage Claim [B2] 4,124 4,124 Gates 1-3 Holdroom [C1] 8,517 8,517 Gates 4-7 Holdroom [C2] 6,751 6,751 Gates 4-7 Secure Enplanement Corridor [C23] 3,421 3,421 Joint Use Space 26,005 26,005 Baggage Make-Up & Claim Requirement [D=A*(B1+B2)] $326,338 $339,071 Gate Areas Requirement [E=A*(C1+C2+C3)] 833, ,169 Total Joint Use Requirement [G=D+E+F] $1,159,981 $1,205,239 Baggage Make-Up & Claim: Baggage Make-Up & Claim Requirement (85%) [H=D*0.85]] $277,387 $288,210 Checked Bags [I] 247, ,700 Baggage Make-Up & Claim Fee (per bag) [J=H/I] $1.12 $0.93 Baggage Make-Up & Claim Requirement (15%) [K=D*0.15] $48,951 $50,861 Number of Airlines [L] 4 4 Baggage Make-Up & Claim Fee (per airline) [M=K/L] $12,238 $12,715 Gate Area: Gate Area Requirement (85%) [N=E*85%] $708,597 $736,243 Enplaned Passengers [O] 425, ,000 Gate Area Charge per (enplaned pax) [P=N/O] $1.67 $1.43 Gate Area Requirement (15%) [Q=E*15%] $125,046 $129,925 Number of Airlines [L] 4 4 Gate Area Fee (per airline) [R=Q/L] $31,262 $32,481 Total Joint Use Revenue [G] $1,159,981 $1,205,239 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 11 of 15 6/1/2018

23 Table 6C TICKET COUNTER & QUEUE FEES (UNASSIGNED) Adjusted Signatory Airline Terminal Rate [A] $44.61 $46.35 Ticket Counter and Queue Space (s.f.): Ticket Counter 1,755 1,755 Queue Space 3,181 3,181 Ticket Counter and Queue Space [B] 4,936 4,936 Ticket Counter and Queue Space Requirement [C=A*B] $220,176 $228,766 AirIT Landside Expenses [D] 16,463 16,463 Ticket Counter and Queue Requirement [E=C+D] $236,639 $245,229 Enplaned Passengers [F] 425, ,000 Ticket Counter & Queue Fee (unassigned) [G=E/F] $0.56 $0.48 Enplaned Passenger Use [H] 144, ,000 Ticket Counter & Queue Fees (unassigned) [I=G*H] $80,679 $85,545 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 12 of 15 6/1/2018

24 Table 7 PASSENGER-RELATED SECURITY CHARGE Personnel-Related Security Cost [A] $1,102,750 $1,230,700 Officer Deployment Hours: Total Hours (12 Officers at 42 hrs/week; 2 officers at 40 hrs/week) 2,169 2,169 Holiday (11 Holidays) (132) (132) Vacation (12 Days) (144) (144) Training (8 hrs per month per officer) (96) (96) Sick Leave (12 Days Allowed; 9 Days Average Used) (108) (108) Available Hours/Officer [B] 1,689 1,689 Number of Officers [C] Total Available Hours [D=B*C] 23,648 23,648 Less: Admin Hours Total [E] (2,016) (2,016) Total Officer Deployment Hours [F=D-E] 21,632 21,632 Personnel-Related Security Cost per Hour [G=A/F] $50.98 $56.89 Passenger-Related Security Charge: Terminal Airlines (18 hrs/day Security Checkpoint) $334,924 $373,784 Less: TSA Reimbursement (127,631) (131,459) Net Personnel-Related Costs [H] $207,293 $242,325 TSA Passenger Security Screening Space (s.f.) [I] 2,210 2,210 Terminal Rental Rate [J] $44.61 $46.35 Security Checkpoint Space Costs [K=I*J] $98,579 $102,426 Passenger-Related Security Charges [L=H+K] $305,873 $344,750 Enplaned Passengers [M] 425, ,000 Passenger-Related Security Charges per Enplaned Passenger [N=L/M] $0.72 $0.67 Passenger-Related Security Charges [O=M*N] $305,873 $344,750 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 13 of 15 6/1/2018

25 Table 8 COST PER ENPLANED PASSENGER Airline Revenue: Terminal Rentals $1,492,609 $1,576,382 Loading Bridge Fees 64,249 75,000 Landing Fees 797, ,573 Unassigned Ticket Counter Charges 80,679 85,545 Passenger Related Security Charges 305, ,750 Checkpoint Lane Fee 77,400 Deicing Chemicals 68,000 70,040 Total [A] $2,809,007 $3,132,690 Enplaned Passengers [B] 425, ,000 Cost Per Enplaned Passenger [C=A/B] $6.61 $6.07 Note: Amounts may not add due to rounding. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 14 of 15 6/1/2018

26 Table 9 PER TURN FEE FOR MARKET SHARE EXEMPT CARRIERS Per Turn Requirement: Joint Use Cost 1 $1,159,981 $1,205,239 Loading Bridge Cost 64,249 75,000 Unassigned Ticket Counter Cost 236, ,229 Passenger Related Security Charge Cost 305, ,750 Deicing Chemicals Cost 68,000 70,040 Total [A] $1,834,742 $1,940,259 Total Departures [B] 6,486 7,482 Average Per Turn Cost [C=A/B] $ $ Per Turn Fee for Exempt Carriers (0-70 seats) [D=C*105%] $ $ Per Turn Fee for Exempt Carriers ( seats) [E=C*125%] $ $ Per Turn Fee for Exempt Carriers (136+ seats) [F=C*140%] $ $ Note: Amounts may not add due to rounding. 1 Includes the cost of baggage areas and gate areas. Source: Airport management records Compiled by Trillion Aviation, February 2018 (Updated June 2018) AVL Financial Model - FY 2019 ver Page 15 of 15 6/1/2018

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